Coston McIsaac & Partners Has $3.51 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Coston McIsaac & Partners reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,334 shares of the software giant’s stock after selling 3,566 shares during the quarter. Coston McIsaac & Partners’ holdings in Microsoft were worth $3,511,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Net Worth Advisory Group bought a new stake in shares of Microsoft during the 3rd quarter worth $2,645,000. Oak Ridge Investments LLC lifted its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the last quarter. Campbell Wealth Management bought a new position in Microsoft in the third quarter valued at about $3,314,000. Finally, Evernest Financial Advisors LLC raised its position in Microsoft by 389.2% in the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after purchasing an additional 42,778 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MSFT shares. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Thursday. Scotiabank assumed coverage on Microsoft in a research note on Thursday. They issued a “sector outperform” rating and a $470.00 price target for the company. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft Stock Up 1.1 %

MSFT stock opened at $391.26 on Friday. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $408.82 and its 200-day moving average is $419.67. The firm has a market capitalization of $2.91 trillion, a PE ratio of 31.50, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the firm earned $2.93 EPS. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.